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Feb 3, 2013 8:00am PST
which gave congress the right to levee a federal personal income tax. this was the first form for filers. when the filing deadline was march 1st instead of april 15th and the top tax rate was, get this, 6 f% on incomes over $500,000. the first act was only 15 pages long. today the tax code has grown just a bit to more than 73,000 pages with all of the rulings and regulations. now, we can't get rates back to the 1913 levels, but can't we try to get back to something simple, straight forward and honest that would, once again, fit on 15 pages? the current answer to our gps challenge question was, "c," the new york fed says at last check there was 6,700 tons of gold in their vault. that is more than a half million bars of the stuff and by our cal klgzs, that's more than $300 billion worth of gold sitting below street level in lower manhattan. all of it is owned by either the u.s. government, foreign governments or the fed's fellow central banks, none by the fed itself. by the way, storage is free, but you have to pay to move your gold in and out. so, we'll send you a bill, germany. thanks to
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